All businesses, no matter their size, have bills to pay. The larger the business, the more formal the accounts payable process tends to be. That doesn’t mean small business owners can’t benefit from a formal accounts payable process. We help our clients categorize payments and purchases, helping to weed out any incorrect billing that may…
How do you arrive at a price for the products and services you sell? While it depends on what industry your business is in, there are a handful of foundational pricing methods that are useful to know. Below your Favorite Orange County Bookkeeper reviews different pricing methods and why they may be a good fit…
Time Batching For small business owners, it seems like there is never enough time to get everything accomplished. One tool that will help you get the most out of your time is time batching, also known as time blocking. If practiced correctly, it can revolutionize the way you approach work. What Is Time Batching?…
A great entrepreneur will always be on the lookout for ways to improve their business. Efficiency is a goal everyone wants to achieve when it comes to business because it can translate into less work and more profits. Below, Your Favorite Orange County Bookkeeper has listed five ways you and/or your staff can become more…
Your favorite number on the balance sheet might just be Cash. It’s easy to understand and something every business has. But there is a more meaningful number, at least in the long-term sense, and that’s equity. Below, Your Favorite Orange County Bookkeeper takes a deep dive into the equity section of the balance sheet. The…
Remote working has exploded in the last few years, especially in professional services. Now that companies are seeing the benefits of remote working, they are also seeing the benefits of an expanded pool of potential employees. Some firms are hiring employees that live several states away from where the office is located, which comes with…
Whether we’re headed for a recession or not, it’s always a good time to squeak out more profits from your business books. We’re not talking about drastically slashing expenses or spending a lot to raise revenue; Your Favorite Orange County Bookkeeper has 5 great tips to gently lift up your profits in the long-term that…
Every successful business owner needs accountability for the sake of their business. Entrepreneurs are excellent in running their day-to-day businesses, but some need more accountability to meet internal deadlines and long-term goals. Your Favorite Orange County Bookkeeper has some suggestions on how you can increase your accountability. Setting Goals and Deadlines The first…
Can you believe that almost half of 2022 is gone already? That means it’s a great time to take stock of how your business has done for the first half of 2022 so that you can meet your financial goals for the entire year. Your Favorite Orange County Bookkeeper is here to help! On Track…
Getting your business loan can be an exciting step in the growth of your business. Recording your loan properly in your accounting system usually requires special handling by your accountant or bookkeeper. Your favorite Orange County Bookkeeper has some great notes about loans to share with you. Your loan statement will provide the information you…